e8vk
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) May 7, 2009
NORDSTROM, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
         
WASHINGTON   001-15059   91-0515058
(STATE OR OTHER JURISDICTION   (COMMISSION FILE   (I.R.S. EMPLOYER
OF INCORPORATION)   NUMBER)   IDENTIFICATION NO.)
     
1617 SIXTH AVENUE, SEATTLE, WASHINGTON   98101
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)   (ZIP CODE)
REGISTRANT’S TELEPHONE NUMBER, INCLUDING AREA CODE (206) 628-2111
INAPPLICABLE
(FORMER NAME OR FORMER ADDRESS IF CHANGED SINCE LAST REPORT)
     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

ITEM 7.01 REGULATION FD DISCLOSURE
On May 7, 2009, Nordstrom, Inc. issued a press release announcing its preliminary April 2009 sales. A copy of this press release is attached as Exhibit 99.1.

 


 

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  NORDSTROM, INC.
 
 
  By:   /s/ Robert B. Sari    
    Robert B. Sari   
    Executive Vice President,
General Counsel and Corporate
Secretary 
 
 
Dated: May 7, 2009

 


 

EXHIBIT INDEX
     
EXHIBIT    
NUMBER   DESCRIPTION
 
99.1
  Nordstrom April 2009 Preliminary Sales Release, dated May 7, 2009.

 

exv99w1
Exhibit 99.1
(NORDSTROM LOGO)
         
FOR IMMEDIATE RELEASE
  INVESTOR CONTACT:   Rob Campbell
May 7, 2009
      Nordstrom, Inc.
 
      (206) 303-3290
 
       
 
  MEDIA CONTACT:   Brooke White
 
      Nordstrom, Inc.
 
      (206) 373-3030
NORDSTROM REPORTS APRIL SALES
     SEATTLE, Wash. (May 7, 2009) – Nordstrom, Inc. (NYSE: JWN) today reported preliminary sales of $561 million for the four-week period ended May 2, 2009, a decrease of 6.5 percent compared with sales of $600 million for the four-week period ended May 3, 2008. Same-store sales for April decreased 10.8 percent compared with the same period in fiscal 2008. April sales were favorably affected by the timing shift of the Easter holiday from March into April, largely offset by the unfavorable impact of the timing shift of a Nordstrom Rewards event for Nordstrom cardholders. In fiscal 2008, the event began in late April whereas in fiscal 2009 the event occurred in March.
     Preliminary first quarter sales of $1.71 billion decreased 9.2 percent compared with sales of $1.88 billion for the same period in fiscal 2008. First quarter same-store sales decreased 13.2 percent compared with the same period in fiscal 2008.
Sales Recording
     To hear Nordstrom’s pre-recorded April sales message, please dial 402-220-6036. This recording will be available for one week.
April Sales Results
(unaudited; $ in millions)
                                                 
    Total Sales   Same-store Sales
                    Percent                    
    Fiscal     Fiscal     Increase/           Full-line   Rack
    2009     2008     (Decrease)   Total   Stores   Stores
         
April
  $ 561     $ 600       (6.5 %)     (10.8 %)     (13.4 %)     4.4 %
 
                                               
First Quarter
  $ 1,706     $ 1,879       (9.2 %)     (13.2 %)     (16.5 %)     1.2 %
                     
    May 2, 2009     May 3, 2008  
Number of stores
               
Full-line
    111        105  
Rack and other
    64       54  
 
           
Total
    175       159  
 
           
Gross square footage
    22,336,000       21,139,000  
Expansion Update
     Today, Nordstrom will open a Nordstrom Rack store at Ravenswood 101 in East Palo Alto, California.
Future Reporting Dates
     Nordstrom’s financial release calendar for the next three months is currently planned as follows:
     
First Quarter Earnings Release
  Thurs., May 14, 2009
May Sales Release
  Thurs., June 4, 2009
June Sales Release
  Thurs., July 9, 2009
July Sales Release
  Thurs., August 6, 2009
Second Quarter Earnings Release
  Thurs., August 13, 2009

 


 

Annual Meeting of Shareholders
     Nordstrom will hold its 2009 Annual Meeting of Shareholders on Tuesday, May 19, 2009, at 11:00 a.m. Pacific Daylight Time, in the Illsley Ball Nordstrom Recital Hall of Benaroya Hall in Seattle, Washington.
About Nordstrom
Nordstrom, Inc. is one of the nation’s leading fashion specialty retailers, with 175 stores located in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 111 full-line stores, 60 Nordstrom Racks, two Jeffrey boutiques, and two clearance stores. In addition, Nordstrom serves customers through its online presence at http://www.nordstrom.com and through its catalogs. Nordstrom, Inc. is publicly traded on the NYSE under the symbol JWN.
     Certain statements in this news release contain or may suggest “forward-looking” information (as defined in the Private Securities Litigation Reform Act of 1995), including the company’s planned store openings and trends in company operations. Such statements are based upon the current beliefs and expectations of the company’s management and are subject to significant risks and uncertainties. Actual future results and trends may differ materially from historical results or current expectations depending upon factors including, but not limited to the impact of deteriorating economic and market conditions and the resultant impact on consumer spending patterns, the company’s ability to respond to the business environment and fashion trends, the company’s ability to safeguard its brand and reputation, effective inventory management, efficient and proper allocation of the company’s capital resources, successful execution of the company’s store growth strategy including the timely completion of construction associated with newly planned stores, relocations and remodels, all of which may be impacted by the financial health of third parties, the company’s compliance with applicable banking and related laws and regulations impacting the company’s ability to extend credit to its customers, trends in personal bankruptcies and bad debt write-offs, availability and cost of credit, changes in interest rates, disruptions in the company’s supply chain, the company’s ability to maintain its relationship with vendors and developers who may be experiencing economic difficulties, the geographic locations of the company’s stores, the company’s ability to maintain its relationships with its employees and to effectively train and develop its future leaders, the company’s compliance with information security and privacy laws and regulations, employment laws and regulations and other laws and regulations applicable to the company, successful execution of the company’s information technology strategy, successful execution of the company’s multi-channel strategy, risks related to fluctuations in world currencies, weather conditions and hazards of nature that affect consumer traffic and consumers’ purchasing patterns, the effectiveness of planned advertising, marketing, and promotional campaigns, the company’s ability to control costs, and the timing and amounts of share repurchases by the company. For additional information regarding these and other risk factors, please refer to the company’s SEC reports, including its Form 10-K for the fiscal year ended January 31, 2009. The company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.
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